Bakken Flat But EIA Predicts Decline

The North Dakota Industrial Commission has published the July production data for The Bakken and for all North Dakota.(Click to enlarge)Bakken production was down 5,430 barrels per day while all North Dakota was down 9,410 bpd.(Click to enlarge)Here is a more amplified view of what has happened during the last 12 months.(Click to enlarge)Bakken barrels per day per well has been falling faster than for all North Dakota. This is because a lot of very low producing conventional wells are being shut down. Related: The Shale Delusion: Why The Party’s…